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The Latest Breaking News from Kwasi Kwarteng

Plunge in sterling leaves drivers paying £6 more for tank of petrol, says AA

While oil prices are back to pre-Ukraine war levels, a weaker pound results in higher costs for motorists

The Guardian - UK

DWP benefit rule change could see 120,000 at risk of Universal Credit cuts

Some people face having their benefits slashed if they don't work a certain amount of hours at the National Living Wage.

Chronicle Live

Chancellor says mini budget ‘is not a gamble’ as pound plunges

Kwarteng defends massive tax cuts and borrowing as spooked markets leave pound at new 37 year low

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

'Reckless and irresponsible' – North East Labour MPs' tax cut fury after mini-budget 'for the rich'

Chancellor Kwasi Kwarteng announced a huge set of measures on Friday, including abolishing the top rate of income tax for high earners, which will be funded by more than £70bn of borrowing

Chronicle Live

Time is against Liz Truss as she bets big on plan to turn economy around

With an election two years away, failure could shred the Tories’ economic credibility

The Guardian - UK

Mini-budget 2022: What a stamp duty cut means for NI's property market and first-time-buyers

The move is designed to help first-time buyers get on the property ladder

Belfast Live

'An opportunity missed': North East foodbanks react to Government's 'disappointing' mini-Budget

Chancellor Kwasi Kwarteng's mini-Budget announcement included a lift on the cap on bankers' bonuses and an axe of the planned rise to corporation tax

Chronicle Live

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Tax change calculator: See how your wage will be affected by the mini-budget

Millions of households are set to benefit from the tax cuts

Manchester Evening News

‘Tourists want to spend’: shoppers in London share views on the mini-budget

High-end shopping districts could benefit from duty-free shopping and the scrapping of the 45% tax band

The Guardian - UK

Kwarteng accused of reckless mini-budget for the rich as pound plummets

Strategy of sweeping tax cuts gets hostile reception from markets and economic thinktanks, leaving some Tory MPs aghast

The Guardian - UK

Fish and chip shop owners 'let down' by Mini-Budget as they take battering amid crisis

Andrew Crook, president of the National Federation of Fish Friers, said the new Mini-Budget announced by the government today helps 'bankers, not bakers and financiers, not fish friers'

Daily Mirror

Estate agents and property experts respond to stamp duty cuts

"We can now expect the stamp duty spurred stampede of buyer activity seen during the pandemic to return"

Bristol Post

Mini budget: Martin Lewis explains how much better off people on low income will be

Martin Lewis issued an important update to anyone who pays National Insurance and those on low incomes after Chancellor of the Exchequer Kwasi Kwarteng announced the mini-budget.

Edinburgh Live

The Guardian view on the Tory trickle up policies: redistributing to the rich

Editorial: Kwasi Kwarteng thinks Britain needs to give millionaires huge handouts and concrete over the country. He’s wrong

The Guardian - UK

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Liverpool Echo

Families abandon three food types as cost of living soars

Rising food and energy costs are changing the way families are cooking and eating

Daily Record

Friday headlines: Scots charity paedo convicted and who the Mini Budget benefits

Here are the main headlines on the Daily Record website today.

The National (Scotland)

Devastating graph shows poorest in UK get NOTHING from Tory tax cut plans as rich get richer

How much will the worst-off get from Kwasi Kwarteng mini-budget tax cut plans?

The Guardian - UK

Liz Truss and Kwasi Kwarteng have made a declaration of class war

This unofficial budget is morally indefensible, economically reckless and so risky it suggests a political death wish, says Guardian columnist Jonathan Freedland

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news in one place.

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Evening Standard

Former Conservative cabinet minister condemns tax cut for the rich as ‘wrong’

A former Conservative cabinet minister has called the government’s mini budget announcing tax cuts for the rich “wrong”.

The Guardian - UK

Half of Kwarteng’s cuts to personal tax will go to richest 5%, say experts

Thinktank says someone earning £1m will gain £40,000 as top rate, basic rate and national insurance reduced

Manchester Evening News

Kwasi Kwarteng vows to speed up Northern Powerhouse Rail and a host of Manchester road and rail schemes

Chancellor's promise to cut red tape could mean work starts on big infrastructure projects by next year

The Guardian - UK

‘It’s bittersweet’: what home-buyers think of chancellor’s stamp duty cut

Property-hunters on how permanent reduction for purchases in England and Northern Ireland will affect them

Daily Record

The big gamble on tax cuts for the rich that could railroad the economy off the tracks

The Daily Record's Westminster Editor Torcuil Crichton analyses The scale and the brashness of the Tory tax-cutting budget is staggering and Scotland will not be protected from global forces that could be unleashed by massive Treasury borrowing.

Evening Standard

The Leader podcast: UK Government’s mini-budget explained

Will it cut inflation and boost the economy?

The Conversation

Mini budget: will Kwasi Kwarteng's plan deliver growth?

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

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